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Michigan commits $100m to real estate in Q3

by Zoë Wolff

The $62 billion State of Michigan Retirement Systems committed $100 million to three real estate funds between July 1 and Sept. 30, according to a recent investment report.

The pension fund committed $50 million to TPG Real Estate Partners II during the third quarter. The fund, which held a final close in October, focuses on investments “through corporate carve-outs or spinoffs, public-to-private transactions, private placements, and controlling stakes in private operators.” The fund recently received a commitment from the New Jersey Division of Investment.